NU Online News Service, May 5, 5:20 p.m. EDT--The head of Willis Group Holdings has agreed to a stock divesture plan that would reduce his holdings in the insurance brokerage firm to more than two million shares.
Under the plan, Joe Plumeri, chairman and chief executive officer of the London-headquartered insurance brokerage firm, will sell 2.35 million shares of his common stock holdings in installments beginning in June. He will hold approximately 2.4 million shares and options after the sale is completed, Willis said.
The pre-arranged, personal trading plan is in accordance with Securities Exchange Act rule 10b5-1, Willis said. The rule permits insiders to sell fixed portions of their holdings over a designated period of time by establishing pre-arranged written plans at a time when they are not in possession of material non-public information.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
